Caesars Entertainment Inc. (CZR): A Technical View

As of Friday close, Caesars Entertainment Inc.’s (NASDAQ:CZR) stock was up $5.16, moving up 10.36 percent to $54.99. The average number of shares traded per day over the past five days has been 5,243,840 shares. 1 time new highs have been achieved over the past 5 days, with a -$4.96 fall in that time frame. In the last twenty days, the average volume was 3,707,125, while in the previous 50 days, it was 3,054,266.

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Since last month, CZR stock retreated -21.45%. Shares of the company fell to $46.08 on 05/12/22, the lowest level in the past month. A 52-week high of $119.81 was reached on 01/03/22 after having rallying from a 52-week low of $46.08. Since the beginning of this year, CZR’s stock price has dropped by -41.21% or -$38.54, and marked a new high 1 time. However, the stock has declined by -54.10% since its 52-week high.

Caesars Entertainment Inc. (CZR) last reported insider trading activity 8 days ago on May 06. MATHER COURTNEY, the Director of the company, purchased of 16,000 shares for $60.12 on May 06. It resulted in a $961,920 investment by the insider. Morgan Sandra Douglass sold 756 shares at an average price of $79.28 on Mar 17. The insider now owns 1,939 shares following the transaction. On Mar 08, Director Pegram Michael E bought 13,000 shares at $68.89 apiece. The transaction was valued at $895,526.

Valuation Metrics

The stock’s beta is 2.79. Besides these, the trailing price-to-sales (P/S) ratio of 1.23, the price-to-book (PB) ratio of 2.59, and the price-to-cash flow ratio of 78.34 may also be considered.

Financial Health

In the three months ended September 29, Caesars Entertainment Inc.’s quick ratio stood at 1.10, while its current ratio was 1.10, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 5.84, and the total debt-to-equity ratio was 5.85. On the profitability front, the trailing twelve-month gross margin is 44.60% percent. In the year ended September 29, operating margins totaled 11.40%. Based on annual data, CZR earned $5.3 billion in gross profit and brought in $9.57 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 4.90%. Return on equity (ROE) for the past 12 months was -23.90%.

In Caesars Entertainment Inc.’s quarter-end financial report for September 29, it reported total debt of $13.74 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. CZR’s revenue rose 25.87% to $2.68 billion during the quarter, while net income inched up to $2.29 billion. While analysts expected Caesars Entertainment Inc. to report $0.18 quarterly earnings, the actual figure was -$1.1 per share, beating the consensus estimate by -711.10%. During the quarter, the company generated -$10.0 million in EBITDA. The liabilities of Caesars Entertainment Inc. were 33.23 billion at the end of its most recent quarter ended September 29, and its total debt was $26.98 billion. The value of shareholders’ equity is $214.37 million.

Technical Picture

This quick technical analysis looks at Caesars Entertainment Inc.’s (CZR) price momentum. With a historical volatility rate of 90.39%, the RSI 9-day stood at 38.37% on 13 May.

With respect to its five-day moving average, the current Caesars Entertainment Inc. price is down by -8.27% percent or -$4.96. At present, CZR shares trade -20.17% below its 20-day simple moving average and -36.28% percent below its 100-day simple moving average. However, the stock is currently trading approximately -33.91% below its SMA50 and -38.80% below its SMA200.

Stochastic coefficient K was 17.57% and Stochastic coefficient D was 9.28%, while ATR was 5.00. Given the Stochastic reading of 36.89% for the 14-day period, the RSI (14) reading has been calculated as 37.23%. As of today, the MACD Oscillator reading stands at -6.03, while the 14-day reading stands at -9.29.

Analyst Ratings

Wells Fargo reiterated its an Overweight rating on Caesars Entertainment Inc. (NASDAQ: CZR) in a note to investors. The analysts firm has however raised their price target to $105, representing a possible 56.7% increase in the stock price. Caesars Entertainment Inc. (CZR) has been rated Buy by analysts. According to 0 brokerage firms, CZR is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Caesars Entertainment Inc. stock as buy, with 14 recommending it as overweight.

With a median target price of $105.50, the current consensus forecast for the stock is $90.00 – $149.00. Based on these forecasts, analysts predict Caesars Entertainment Inc. (CZR) will achieve an average price target of $108.79.


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